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Trading Made Simple

  • #94,481
  • Mar 4, 2019 6:44pm Mar 4, 2019 6:44pm
DE30 Mar 05 M15 Asian session

When price moves, all indicators will show you somethings, what do you look for ?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,482
  • Mar 4, 2019 7:12pm Mar 4, 2019 7:12pm
Quoting emmanuel7788
DE30 Mar 05 M15 Asian session When price moves, all indicators will show you somethings, what do you look for ? {image}

DE30 Asian Mar 05 M15 update :

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,483
  • Edited 1:20am Mar 5, 2019 1:05am | Edited 1:20am
Quoting Tekkies
{quote} Closed trade. Wait for Frankfort to open. Simple and would say today was a easy day to trade. {image}
No follow up.
- Market in consolidation.
- Price is in or under Resistance.
Looking at the white dot, Price did break that Resistance.
-----
Follow TDI
- Wait for M15 TDI crossover.
- Wait for H1 TDI green angle to confirm direction of intend trade.
- Make sure that TDI green angle is above / below 2 / 4
- Wait for both Stoch to confirm direction of intend trade
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If you are concern (greedy?) that you are lossing (fear?) potential profit while waiting to enter a cherry pick trade by all means break the simple rules.
Would rather trade with confidence that every trade placed will end in profit, then chase price with reversal candle or stay a few pips longer in a trade with MACD.
So what if you lose some pips.
Follow the simple rules and you will fill that wheelbarrow with pips everyday.
BigE mentioned simple 44 times
Post#1.......
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis.
Post#119
On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !
  • #94,484
  • Mar 5, 2019 2:56am Mar 5, 2019 2:56am
Quoting emmanuel7788
{quote}
Hi Emmanuel, i have a question on 3 time frame analysis. On this weekly chart red arrow. As you can see it took 3 weeks for the candle to move below 5ema to confirm a down move. Does it mean i have to wait for 3 weeks for W/D/H4 to align then i can look at a short entry? Also on Tokyo 5H. Do i start counting the first hour from Tokyo market opening hour? I tried search box there're just too many search results. Thanks for your help.
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  • #94,485
  • Mar 5, 2019 3:41am Mar 5, 2019 3:41am
DE30 Mar 05 Price Action Trading - H4 Triple Inside Bar Breakout

MACD is a common technical indicator which is commonly use by traders.

Sad thing Big E stopped posting in Dec 2011 and passed away in 2012.

Would he object to the MACD being used to replicate his TDI, ... not replace his king but replicate ... or should we say the MACD is a new crown prince.

Study this DE30 M15/H4 chart below.

it look like the MACDs does the job quite well.... visually.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 05 H4 Triple IB breakout 05-03-2019 17-24-18.png Size: 79 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 05 M15 MACD 12,26,9 05-03-2019 17-33-14.png Size: 65 KB


Tell me, what do you think?

using two MACDs as a kind of higher TF filter.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,486
  • Mar 5, 2019 4:01am Mar 5, 2019 4:01am
New to the system, using it on daily:

are those valid/good entries?
GBP/USD:
Attached Image (click to enlarge)
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CAD/JPY:
Attached Image (click to enlarge)
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Thanks in advance
https://twitter.com/BeauBuyer
  • #94,487
  • Mar 5, 2019 4:02am Mar 5, 2019 4:02am
#94483 selective reading again. very dangerous thing to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,488
  • Edited 4:23am Mar 5, 2019 4:11am | Edited 4:23am
Quoting Tekkies
{quote} No follow up. - Market in consolidation. - Price is in or under Resistance. Looking at the white dot, Price did break that Resistance. ----- Follow TDI - Wait for M15 TDI crossover. - Wait for H1 TDI green angle to confirm direction of intend trade. - Make sure that TDI green angle is above / below 2 / 4 - Wait for both Stoch to confirm direction of intend trade {image} If you are concern (greedy?) that you are lossing (fear?) potential profit while waiting to enter a cherry pick trade by all means break the simple rules. Would rather trade...
Hindsight Trading.
Why does hindsight looks so beautiful?
Normal it comes down to regret, should have, "what was I thinking"
Love this game playing cat and mouse with price.
-----
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Quoting Tekkies
{quote}Love this game playing cat and mouse with price. ----- {image}
M15H1 did give a sell signal, which price stoped with break-even. Since then the market when't "dead".
Unsure what New York is going to do. Rather wait for better trading conditions / signals.
Something does not feel right or you somehow feel uneasy about what the chart's are showing, don't trade.
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  • #94,489
  • Mar 5, 2019 7:38am Mar 5, 2019 7:38am
Hi Tekkies,
I got the Buy signal on M15, however H1 TDI is flat as well as stoch. Does that mean the signal is invalid or do I have to wait till H1 TDI angle turns above 2?
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  • #94,490
  • Edited 8:09am Mar 5, 2019 7:54am | Edited 8:09am
Quoting D3trax
Hi Tekkies, I got the Buy signal on M15, however H1 TDI is flat as well as stoch. Does that mean the signal is invalid or do I have to wait till H1 TDI angle turns above 2? {image}
Please clear up chart.
(to many indicators.)
-------
M15 TDI green cross red only indicated a possibility exist of a potensiale trade.
Yes, you are right.
Signal is not invalid, for now you wait until the all indicators confirm direction.
Remember that H1 green must also be above 2 (good) / 1 (best) angle.
-----
Please remember:
- These chart's are posted in hindsight. Reason my trading comes before posting.
- It looks simple and easy. IT IS NOT.
- Please you must practice by yourself, (demo account), very brave live account with low levrage and 0.01 lot size.
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  • #94,491
  • Mar 5, 2019 8:01am Mar 5, 2019 8:01am
Quoting Tekkies
{quote} Please clear up chart. (to many indicators.) ------- M15 TDI green cross red only indicated a possibility exist of a potensiale trade. Yes, you are right. Signal is not invalid, for now you wait until the all indicators confirm direction. Remember that H1 green must also be above 2 (good) / 5 (best) angle.

Thanks for clarification.

I'll remove the stuff not related to TMS when posting screenshots here.

Regarding the rules: can I take the trade immediatelly after H1 TDI green is above 2(1) or do I have to wait for completion of any candle ( m15/m60 ) to confirm the trade ?
  • #94,492
  • Mar 5, 2019 8:02am Mar 5, 2019 8:02am
Quoting D3trax
{quote} Thanks for clarification. I'll remove the stuff not related to TMS when posting screenshots here. Regarding the rules: can I take the trade immediatelly after H1 TDI green is above 2(1) or do I have to wait for completion of any candle ( m15/m60 ) to confirm the trade ?
Wait for confirmation, otherwise it could change direction and the TDI repaints
https://twitter.com/BeauBuyer
  • #94,493
  • Mar 5, 2019 8:17am Mar 5, 2019 8:17am
Hmm, if I wait for completion of H1 candle to confirm the direction, price will be miles away from the signalled entry. See yellow line on the screenshot - that's the price after completion of H1 candle. By the way after completion of H1 candle the angle of H1 TDI is between 2-3, therefore not good for the trade.

Attached Image (click to enlarge)
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  • #94,494
  • Mar 5, 2019 8:21am Mar 5, 2019 8:21am
Quoting D3trax
Hmm, if I wait for completion of H1 candle to confirm the direction, price will be miles away from the signalled entry. See yellow line on the screenshot - that's the price after completion of H1 candle. By the way after completion of H1 candle the angle of H1 TDI is between 2-3, therefore not good for the trade. {image}
But on the H1 chart the green didn‘t even cross the red line?
https://twitter.com/BeauBuyer
  • #94,495
  • Mar 5, 2019 8:42am Mar 5, 2019 8:42am
Quoting D3trax
Hmm, if I wait for completion of H1 candle to confirm the direction, price will be miles away from the signalled entry. See yellow line on the screenshot - that's the price after completion of H1 candle. By the way after completion of H1 candle the angle of H1 TDI is between 2-3, therefore not good for the trade. {image}
Don't be greedy.
Trax
Here comes the fun part. Practice, practice practice. Observeer how the four indicators interact with each other.
----
Did you entered a trade when H1 confirmed M15 you would have been in profit by now.
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  • #94,496
  • Mar 5, 2019 12:13pm Mar 5, 2019 12:13pm
Attached Image (click to enlarge)
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Would this be a valid entry?
(TDI is going down from above and crossing but the candle is a bullish one?)

Also it would be great if someone could comment on my previous charts
https://twitter.com/BeauBuyer
  • #94,497
  • Mar 5, 2019 12:19pm Mar 5, 2019 12:19pm
Quoting D3trax
Hi Tekkies, I got the Buy signal on M15, however H1 TDI is flat as well as stoch. Does that mean the signal is invalid or do I have to wait till H1 TDI angle turns above 2? {image}
@D3trax,

I love your colourful charts. I am a chartist and love painting with MT4. You must spent a lot of your time in training your eyes to see all the details.

But When I focus my attention to just the simple basics looking just at the price bars/candles, my chartist trained eyes sees the H4 setup already quite easily. I also see the price went through a very quite deep retracement on the M15 portion of your chart.
In such a scenario, I would simply ignore the H1 but this decision comes of more than 20 years of training experience. I know what that slogan 'keep it simple' means to me.

see my comments on your chart,

Attached Image (click to enlarge)
Click to Enlarge Name: D3trax 06-03-2019 01-55-19.png Size: 518 KB


see my M15 with H4 high-low chart below.
tell me what you think of my chart template.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 05 M15 0211 06-03-2019 02-10-48.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,498
  • Mar 5, 2019 12:25pm Mar 5, 2019 12:25pm
Quoting ixam23
{image} Would this be a valid entry? (TDI is going down from above and crossing but the candle is a bullish one?) Also it would be great if someone could comment on my previous charts

@ixam23,

for clean charts.

there is no REVERSAL candle at RESISTANCE therefore no trade.

does not matter what that TDI on your chart is telling you.

look at the price and its price action. you are correct it is bullish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,499
  • Mar 5, 2019 12:29pm Mar 5, 2019 12:29pm
Quoting ixam23
New to the system, using it on daily: are those valid/good entries? GBP/USD: {image} CAD/JPY: {image} Thanks in advance

@ixam23,

both charts show REVERSAL candles, but these are counter-trend trades.
you have your exit planned and now you need to follow your trade management rules.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,500
  • Mar 5, 2019 12:34pm Mar 5, 2019 12:34pm
Quoting ixam23
{quote} Wait for confirmation, otherwise it could change direction and the TDI repaints

Wait for confirmation, otherwise it could change direction and the TDI repaints

Excellent post.

TDI follows price, that is why it is considered to be lagging.

Question is: Which part of the price does your TDI version follow?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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